Economy

Increase in core inflation expected for July report despite falling gas prices

By Zach Halaschak
Published August 9, 2022 5:19pm ET
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Increase in core inflation expected for July report despite falling gas prices
Core inflation is expected to rise in the consumer price index report set for release Wednesday, even as falling gas prices are forecast to bring down overall inflation. Core inflation, referring to the pace of inflation when the volatile categories of food and energy are stripped out, is thought to be the more forward-looking gauge […]

Core inflation is expected to rise in the consumer price index report set for release Wednesday, even as falling gas prices are forecast to bring down overall inflation.

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Federal Reserve Gas Prices Inflation Interest Rates Recession